Lukoil: Pyakyakhinskoye Gas Production Exceeds 400m Cubic Metres
The accumulated production of natural gas at Pyakyakhinskoye oil and gas condensate field has exceeded 400 million cubic meters since the start of gas production in January 2017. The total accumulated oil and gas condensate production exceeded 600,000 tons from the launch of commercial production on this field in October …
Petrosibir: Production report for February 2017
Petrosibir‘s total oil production in February 2017 amounted to 39,750 barrels, equivalent to 1,420 barrels per day. The table below summarizes the production broken down by region. Feb 2017 Feb 2016 2016 2015 2014 2013 Bashkiria 12 030 11 770 152 850 158 470 196 236 122 305 Komi * …
BP: Gary Jones Appointed as Regional President for Azerbaijan, Georgia and Turkey
BP announced today the appointment of Gary Jones as the new regional president for Azerbaijan, Georgia and Turkey (AGT), with effect from April 2. Jones will be based in Baku, Azerbaijan, said BP in a message March 13. He is currently BP’s global head of drilling, completions and wells. “Gary …
Shell: Divests Canadian Oil Sands for $7.25bn
Royal Dutch Shell plc today announces the signing of two agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (“Shell”) — which are detailed in this announcement — that will see Shell sell all of its in-situ and undeveloped oil sands interests in Canada and reduce its …
OMV: Buys 24.99% of the Yuzhno Russkoye Field for $1.85bn
OMV, the international integrated oil and gas company based in Vienna, is entering a major Upstream gas project in Russia. OMV signed an agreement to acquire a 24.99% share in the Yuzhno Russkoye natural gas field located in Western Siberia from Uniper SE. The purchase price amounts to USD 1,850 …
DOJ: Requests More Info On GE Buyout of Baker Hughes
General Electric Company and Baker Hughes Incorporated today announced that the companies have each received a request for additional information (“second request”) from the United States Department of Justice (“DOJ”) in connection with the pending combination of GE’s oil and gas business with Baker Hughes. The second requests were issued …
Urals Energy: 2017 Strategy – Considerable Step Up in Drilling Program
The board of Urals Energy PCL, the independent exploration and production company with operations in Russia, today provides an update on its strategy for the first half of 2017. In addition the Company has today posted its corporate presentation on its website. Update on strategy The Company continues to prepare development …
RN-Vankor: 2016 Production Drilling Up 3%
By the end of 2016 RN-Vankor had increased the volume of production drilling, on the Vankor field cluster, by 3% compared with 2015 – up to 305.2 thousand meters.. This was facilitated by the increase in the volume of drilling in Suzun Tagul and deposits, as well as growth in …
BP: Getting Back To Growth
BP today updates the financial community on details of its strategy and, in particular, medium-term plans for the next five years, based on oil prices similar to where they are today. Following a presentation today in London, BP management teams will this week travel to London, Edinburgh, New York, Dallas, …
Roxi Petroleum: Proposes Eragon Assets Merger
Roxi, the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to announce that it will shortly be posting to Shareholders a Circular regarding a proposed merger in respect of the Company’s Eragon Assets. The Circular also provides details regarding the proposed Conversion of the outstanding …